MIRALTA SUPPORTS IPEAK NETWORKS WITH SERIES A FINANCING
Ottawa CANADA, 7 July 2009 – IPeak Networks announced today that Miralta Capital (www.miralta.com), one of Canada’s oldest private equity investment firms, has invested in the company. The Series A round of financing was closed on June 30 2009 to build on success made possible (more…)
I am wildly pleased to be able to announce that we have raised the money we need to get some great new functions and features into IPQ and to push our sales and marketing efforts a little harder. I’m not surprised that we were able to show the value of what we are doing to Miralta, one of this country’s oldest private equity investment firms, but I’d be misleading you if I said that I am not relieved that we have attracted the financing. In these challenging economic times, there are many worthy companies and products and technologies that just aren’t getting the support. IPeak Networks is fortunate in that regard and if I had to credit one individual for our good fortune, it would be Martin Horne, our CEO. Martin has been through a few successful financing processes in the past and knew exactly how to get it done. Thanks again, Martin. Matthew/CTO/IPeak Networks